Investor Loan Servicing Accountant: Reconciliation

Farmers National Bank of Canfield; Canfield (OH); On-site; USD 60,000 - 90,000; Full time

Job summary

Farmers National Banc Corp. in Canfield, OH, is seeking a detail-oriented Investor Accounting Specialist to ensure accurate reporting and remittance of all investor sold loans.

You will reconcile P&I and T&I custodial accounts, process non-post transactions, and support year-end reporting, with emphasis on FreddieMac/FannieMae guidelines and internal controls.

Strong analytical skills, experience with Fiserv Premier, and the ability to coordinate with management on procedure updates are essential.

Qualifications

• Minimum associate degree in a related field or five (5) years' experience in a similar lending work environment in lieu of degree
• Direct five (5) years' experience in an investor accounting, loan servicing or accounting department with an emphasis on investor guidelines and internal controls
• Ability to read and understand loan documents including modifications, renewal requests etc.
• Strong exposure to Fiserv Premier system with ability to understand system specifications relating to exception processes and/or investor reporting
• Minimum three (3) years hands on experience with FreddieMac and/or FannieMae reporting and remittance requirement including custodial account reconciliations for management review
• Understanding of interest accrual methods for all types of loans
• Must process a strong organizational ability with attention to detail with ability to multi task in a fast paced environment
• Good verbal and written communication skills
• Good problem solver with ability to research and communicate results
• Team oriented with demonstrated effort to assist other department staff during peak work flow

Responsibilities

• Perform monthly reporting and remittance requirements for all investor sold loans in accordance with investor requirements.
• Review daily servicing reports to ensure GLs relating to investor reporting and remittance are in balance including advances and recoveries, in process accounts and scheduled funds due
• Monitor investor loans for re-classification in accordance with investor requirements
• Reconcile investor P&I and T&I custodial accounts for management's review in accordance with specific investor guidelines
• Process exception transactions for all consumer loan types specifically for modifications, payment reversals, accrual adjustments, billing issues and other non-routine system issues
• Balance department GLs on a daily or monthly basis working with staff to identify items to be cleared
• Reconcile and process daily non post transaction for consumer including mortgage related occurrences
• Review system releases working with management to determine specification changes upcoming to core and necessary changes to staff's procedures
• Work with management to determine changes to current procedures identifying staff training necessary as releases are published
• Identify and research non-routine transactional occurrences providing resolution and correction as warranted
• Coordinate year end reporting processes for consumer loans including corrections and necessary staff training
• Monitor and convert construction loans from simple interest to permanent financing finalizing construction term
• Maintain up to date procedures for investor accounting processes monitoring changes by investor for the areas of reporting, payoff remittance, recasts, MI removal, modifications and remittance of investor owned funds
• Prepare loan boarding funding sheet for operations staff ensuring loan received is a balanced transaction
• Set up new participation records as loans are sold moving funds to the appropriate mortgage banking GLs
• Work with manager to set up new investors, products or class codes as necessary
• Complete all mandatory and elective training including BSA and Anti-Money Laundering procedures. Maintain compliance with all appropriate rules and regulations
• Regular predictable attendance is an essential requirement of this position
• Complete all other duties as assigned

Skills

Accounting

Loan Servicing

Communication skills

Education

Associates of Accounting (required)

Bachelors of Accounting (preferred)

Tools

Fiserv Premier

Job description

Farmers National Banc Corp. in Canfield, OH, is seeking a detail-oriented Investor Accounting Specialist to ensure accurate reporting and remittance of all investor sold loans.

You will reconcile P&I and T&I custodial accounts, process non-post transactions, and support year-end reporting, with emphasis on FreddieMac/FannieMae guidelines and internal controls.

Strong analytical skills, experience with Fiserv Premier, and the ability to coordinate with management on procedure updates are essential.